Carriage Services (CSV)
Market Price (6/15/2026): $40.355 | Market Cap: $628.2 MilSector: Consumer Discretionary | Industry: Specialized Consumer Services
Carriage Services (CSV)
Market Price (6/15/2026): $40.355Market Cap: $628.2 MilSector: Consumer DiscretionaryIndustry: Specialized Consumer Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include End-of-Life & Bereavement Services. | Weak multi-year price returns3Y Excs Rtn is -26% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86% Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.9% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.5% Key risksCSV key risks include [1] a highly leveraged balance sheet that increases financial vulnerability and [2] stagnant revenue growth that limits expansion opportunities. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.9% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease. Themes include End-of-Life & Bereavement Services. |
| Weak multi-year price returns3Y Excs Rtn is -26% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -0.9% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.5% |
| Key risksCSV key risks include [1] a highly leveraged balance sheet that increases financial vulnerability and [2] stagnant revenue growth that limits expansion opportunities. |
Qualitative Assessment
AI Analysis | Feedback
Carriage Services (CSV) stock has lost about 10% since 2/28/2026 because of the following key factors:
1. Fiscal Q1 2026 Financial Underperformance.
Carriage Services reported Q1 2026 financial results that largely missed analyst expectations and showed a significant decline in profitability. Revenue for the fiscal quarter ending March 31, 2026, was $106.1 million, falling short of analyst estimates ranging from $111.1 million to $113.4 million, and represented a modest 0.9% decrease year-over-year. Diluted earnings per share (EPS) plummeted by 37.3% year-over-year to $0.84, while adjusted diluted EPS of $0.86 missed analyst projections of $0.88 to $0.90. Net income attributable to common shareholders also saw a substantial decline of 57.2% to $13.5 million. This underperformance was partly attributed to a $6.3 million decline in operating income, primarily due to a significant $7.8 million gain on divestitures in the prior year's quarter.
2. Decline in Comparable Funeral Volume Amidst Industry Shift.
A core reason for the revenue and profitability challenges in fiscal Q1 2026 was a 5.8% decrease in comparable funeral volume. This company-specific struggle aligns with broader industry trends indicating a structural shift towards lower-margin cremation services. National cremation rates in the U.S. remain above 60%, with consumers increasingly preferring more affordable, personalized, and eco-friendly deathcare options over traditional, higher-margin funeral services. While Carriage Services' cemetery portfolio showed solid growth, increasing consolidated cemetery revenue by $2.0 million to $34.4 million, it was not enough to fully offset the headwinds from the declining funeral volume.
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Stock Movement Drivers
Fundamental Drivers
The -12.2% change in CSV stock from 2/28/2026 to 6/14/2026 was primarily driven by a -14.2% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.96 | 40.34 | -12.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 417 | 416 | -0.2% |
| Net Income Margin (%) | 12.3% | 10.6% | -14.2% |
| P/E Multiple | 13.8 | 14.2 | 2.9% |
| Shares Outstanding (Mil) | 16 | 16 | -0.3% |
| Cumulative Contribution | -12.2% |
Market Drivers
2/28/2026 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CSV | -12.2% | |
| Market (SPY) | 8.4% | 20.7% |
| Sector (XLY) | -0.0% | 19.3% |
Fundamental Drivers
The -6.4% change in CSV stock from 11/30/2025 to 6/14/2026 was primarily driven by a -11.7% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.09 | 40.34 | -6.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 410 | 416 | 1.7% |
| Net Income Margin (%) | 12.0% | 10.6% | -11.7% |
| P/E Multiple | 13.6 | 14.2 | 4.8% |
| Shares Outstanding (Mil) | 15 | 16 | -0.5% |
| Cumulative Contribution | -6.4% |
Market Drivers
11/30/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CSV | -6.4% | |
| Market (SPY) | 9.2% | 20.7% |
| Sector (XLY) | -1.0% | 26.2% |
Fundamental Drivers
The -6.3% change in CSV stock from 5/31/2025 to 6/14/2026 was primarily driven by a -8.0% change in the company's Net Income Margin (%).| (LTM values as of) | 5312025 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.07 | 40.34 | -6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 408 | 416 | 2.1% |
| Net Income Margin (%) | 11.5% | 10.6% | -8.0% |
| P/E Multiple | 14.0 | 14.2 | 1.8% |
| Shares Outstanding (Mil) | 15 | 16 | -2.1% |
| Cumulative Contribution | -6.3% |
Market Drivers
5/31/2025 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CSV | -6.3% | |
| Market (SPY) | 27.3% | 28.2% |
| Sector (XLY) | 9.9% | 31.4% |
Fundamental Drivers
The 60.4% change in CSV stock from 5/31/2023 to 6/14/2026 was primarily driven by a 29.9% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6142026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.15 | 40.34 | 60.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 368 | 416 | 13.3% |
| Net Income Margin (%) | 9.2% | 10.6% | 15.0% |
| P/E Multiple | 11.0 | 14.2 | 29.9% |
| Shares Outstanding (Mil) | 15 | 16 | -5.2% |
| Cumulative Contribution | 60.4% |
Market Drivers
5/31/2023 to 6/14/2026| Return | Correlation | |
|---|---|---|
| CSV | 60.4% | |
| Market (SPY) | 84.5% | 29.9% |
| Sector (XLY) | 57.6% | 32.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CSV Return | 108% | -57% | -8% | 62% | 7% | -6% | 36% |
| Peers Return | 30% | -11% | 18% | 12% | -8% | 0% | 42% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| CSV Win Rate | 75% | 25% | 42% | 58% | 50% | 50% | |
| Peers Win Rate | 69% | 36% | 56% | 50% | 44% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CSV Max Drawdown | -12% | -63% | -42% | -14% | -15% | -28% | |
| Peers Max Drawdown | -22% | -34% | -26% | -26% | -30% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SCI, SNFCA, MATW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/12/2026 (YTD)
How Low Can It Go
| Event | CSV | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.7% | -18.8% |
| % Gain to Breakeven | 14.6% | 23.1% |
| Time to Breakeven | 31 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.6% | -9.5% |
| % Gain to Breakeven | 65.4% | 10.5% |
| Time to Breakeven | 291 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.2% | -6.7% |
| % Gain to Breakeven | 27.0% | 7.1% |
| Time to Breakeven | 28 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.8% | -33.7% |
| % Gain to Breakeven | 81.2% | 50.9% |
| Time to Breakeven | 195 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -31.2% | -19.2% |
| % Gain to Breakeven | 45.4% | 23.8% |
| Time to Breakeven | 60 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.5% | -12.2% |
| % Gain to Breakeven | 18.4% | 13.9% |
| Time to Breakeven | 63 days | 62 days |
In The Past
Carriage Services's stock fell -12.7% during the 2025 US Tariff Shock. Such a loss loss requires a 14.6% gain to breakeven.
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Asset Allocation
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| Event | CSV | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -39.6% | -9.5% |
| % Gain to Breakeven | 65.4% | 10.5% |
| Time to Breakeven | 291 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.2% | -6.7% |
| % Gain to Breakeven | 27.0% | 7.1% |
| Time to Breakeven | 28 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.8% | -33.7% |
| % Gain to Breakeven | 81.2% | 50.9% |
| Time to Breakeven | 195 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -31.2% | -19.2% |
| % Gain to Breakeven | 45.4% | 23.8% |
| Time to Breakeven | 60 days | 105 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -84.4% | -53.4% |
| % Gain to Breakeven | 542.5% | 114.4% |
| Time to Breakeven | 1244 days | 1085 days |
In The Past
Carriage Services's stock fell -12.7% during the 2025 US Tariff Shock. Such a loss loss requires a 14.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Carriage Services (CSV)
AI Analysis | Feedback
Here are a few analogies for Carriage Services (CSV):
It's like DaVita for death care services.
Think of it as the Waste Management for the funeral and cemetery industry.
It's similar to a hospitality chain like Marriott, but instead of hotels, it operates funeral homes and cemeteries, providing all necessary related services and merchandise.
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- Funeral Services: Providing comprehensive services for funerals, memorial services, and cremation, including consultation, preparation of remains, facility usage, and transportation.
- Funeral Merchandise: Selling related products such as caskets and urns for funeral and cremation services.
- Cemetery Interment Rights: Offering various options for final disposition, including grave sites, lawn crypts, mausoleum spaces, and niches.
- Cemetery Merchandise: Supplying cemetery-related products like outer burial containers, memorial markers, monuments, and floral placements.
- Cemetery Services: Performing interments, inurnments, and the installation of cemetery merchandise within the company's cemeteries.
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Major Customers of Carriage Services (CSV)
Carriage Services, Inc. primarily sells its funeral and cemetery services and merchandise directly to individuals and their families. As such, it does not have major corporate customers. Instead, its customer base can be categorized as follows:
- Families/Individuals Seeking At-Need Services: These customers require immediate funeral and cemetery services and merchandise following the death of a loved one. This includes consultation, preparation of remains, funeral home facilities for services, transportation, burial/cremation services, caskets, and urns.
- Individuals Planning Pre-Need Arrangements: These customers proactively plan and purchase funeral and cemetery services and merchandise in advance for themselves or family members, often as part of estate planning or to alleviate future burdens on their loved ones. This can include pre-paid funeral plans, interment rights, and future merchandise.
- Individuals/Families Purchasing Memorialization and Related Merchandise: This category includes customers who acquire specific items such as grave sites, lawn crypts, mausoleum spaces, niche, outer burial containers, memorial markers, monuments, and floral placements, often in conjunction with services or for existing graves.
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- Hillenbrand, Inc. (HI)
- Matthews International Corporation (MATW)
- Wilbert Funeral Services
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Carlos R. Quezada, Vice Chairman of the Board and Chief Executive Officer
Carlos R. Quezada was named Chief Executive Officer of Carriage Services in June 2023, bringing over three decades of leadership and operational expertise. He joined the Company in 2020 as Vice President of Cemetery Sales and Marketing, subsequently holding key roles such as Senior Vice President of Sales and Marketing, Executive Vice President and Chief Operating Officer, and President. Before joining Carriage Services, Mr. Quezada was a Managing Director at Service Corporation International (SCI) from 2009 to 2020, focusing on sales and operations. His career also includes leadership positions, such as CEO, President, COO, and CMO, for privately held multiunit entities in the hospitality industry. Mr. Quezada holds a Master's in Management from Tulane University and an MBA in Finance from Universidad Francisco Marroquín.
John Enwright, Senior Vice President, Chief Financial Officer and Treasurer
John Enwright joined Carriage Services in January 2025 as Senior Vice President, Chief Financial Officer and Treasurer. He most recently served as CFO for Edible Brands, LLC in 2024. Prior to that, he had an eight-year tenure at Vera Bradley, Inc., including five years as CFO and several years as Vice President of Financial Planning and Analysis. His earlier career includes 15 years at Tiffany & Company, where he gained expertise in financial planning, treasury, and business transformation. Mr. Enwright has more than 25 years of extensive financial leadership experience in omnichannel retail. Effective February 2, 2026, his responsibilities were broadened to include heading information technology and the supply chain. He holds an MBA in Finance from Seton Hall University and a BS in Accounting from Montclair State University.
Steven D. Metzger, President and Chief Operating Officer
Steven D. Metzger serves as President and Chief Operating Officer, leading the Company's Operations, Sales, Marketing, and Corporate Development teams. He joined Carriage Services in May 2018. Mr. Metzger previously served as President and Secretary since June 2023, and prior to that, as Executive Vice President, Chief Administrative Officer, General Counsel and Secretary from June 2021 until his promotion in June 2023. Before joining Carriage, he was Senior Vice President, General Counsel and Secretary for a publicly traded company in the restaurant industry. He also spent seven years with Service Corporation International (SCI) in various leadership roles, including Managing Counsel for the Legal Department and Chief Compliance Officer for SCI's registered investment advisor. His promotion to President and COO, overseeing operations, sales, marketing, and mergers and acquisitions, became effective February 2, 2026.
Sam A. Mazzu, III, Vice President, General Counsel and Secretary
Sam A. Mazzu, III serves as the Company's Vice President, General Counsel and Secretary, continuing to lead the company's legal function. Mr. Mazzu joined Carriage in November 2019 as Legal Counsel. He most recently served as the Company's Managing Director of Legal, Assistant General Counsel and Assistant Secretary from February 2024 until his promotion. Prior to that, he held roles as Assistant General Counsel and Assistant Secretary (2023-2024) and Senior Legal Counsel (2022-2023) for Carriage.
Kathryn Shanley, Chief Accounting Officer
Kathryn Shanley joined Carriage Services in March 2024 as Chief Accounting Officer. Prior to joining Carriage, Ms. Shanley served as Assistant Vice-President and Assistant Controller for Service Corporation International (SCI) from 2014 to 2024, and as Director of Operational Accounting from 2011-2014. She joined SCI in 1994 and, over her thirty-year career, held various roles of increasing responsibility, leading SCI's financial reporting, general accounting, and auditing functions. Ms. Shanley is a Certified Public Accountant and holds an M.S. and B.S. in Business Administration from LeTourneau University.
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Key Risks to Carriage Services (CSV)
Carriage Services, Inc. (CSV) faces several key risks inherent to the funeral and cemetery services industry and its operational and financial structure. The most significant risks include a substantial debt load, the performance of preneed trust funds and evolving consumer preferences, and reliance on key local employees amidst competitive pressures.
- High Debt Load and Leverage: Carriage Services carries a significant debt load, which has been consistently highlighted as a key financial risk. The company's debt was reported at $532.9 million as of December 31, 2025. This level of debt raises concerns about its coverage by operating cash flow, impacting the company's financial flexibility and leading to high interest expenses. Reducing this high-cost debt is a continuous focus for the company.
- Fluctuations in Preneed Trust Fund Performance and Changing Consumer Preferences: A substantial portion of Carriage Services' revenue, particularly from its cemetery operations, is derived from preneed sales (arrangements made prior to death). The funds from these sales are often placed in trusts, and their investment earnings are subject to fluctuations in capital markets and interest rates. A significant industry trend towards cremation over traditional burials also presents a long-term challenge, potentially impacting demand for their core services and the overall business model.
- Dependence on Key Local Employees and Competition: Due to the localized and personal nature of the funeral and cemetery business, the success of individual operations is highly dependent on one or a few key employees. This reliance can pose operational risks if key personnel are difficult to retain or replace. Additionally, the industry is competitive, with pressure from various providers, including low-cost alternatives, which could affect market share and pricing power.
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The clear emerging threat for Carriage Services is the rise of online and direct-to-consumer providers for funeral and cremation services. These businesses leverage technology to offer streamlined, often lower-cost alternatives to traditional full-service funeral homes, challenging established players by providing transparency, convenience, and bypassing some of the physical infrastructure and overhead costs associated with conventional funeral arrangements.
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The addressable markets for Carriage Services' main products and services in the United States are as follows:Funeral Home Operations
The U.S. funeral homes market size was valued at USD 13.03 billion in 2024. This market is projected to reach USD 18.29 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.92% from 2025 to 2030. Another estimate for the U.S. funeral services segment projects it to reach USD 14.875 billion in 2025.Cemetery Operations
The U.S. cemetery services market size was valued at USD 6.4 billion in 2024. It is projected to be USD 6.3 billion in 2025. A separate projection indicates the U.S. Cemetery Service segment is expected to reach USD 7.894 billion in 2025.AI Analysis | Feedback
Carriage Services (CSV) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
- Strategic Acquisitions: The company's guidance for 2026 includes a revenue impact from anticipated acquisitions, indicating that strategic purchases of funeral homes and cemeteries will contribute to top-line growth. Acquisitions have been highlighted as a driver for lasting value and growth.
- Growth in Cemetery Pre-Need Sales: Strong increases in pre-need cemetery sales production are a frequently cited driver, with significant year-over-year increases reported and expected to continue. The company's new Sales Edge 2.0 CRM platform is anticipated to become a key engine for pre-need sales, improving lead generation and conversion.
- Pricing Optimization and Increased Average Revenue Per Contract: Carriage Services has made targeted efforts to leverage its pricing power to improve average revenues per contract across both its funeral and cemetery operations. This strategy aims to increase revenue per service provided.
- Organic Growth in Funeral Home Volume and Pre-Need Funeral Sales: Beyond cemetery sales, there is an emphasis on achieving organic growth, including gains in funeral home operating volume and a strategic focus on pre-need funeral sales. The company has seen significant increases in pre-need funeral commission income, further indicating this as a growth area.
- Technology Upgrades for Sales Efficiency: The implementation and integration of technology platforms, such as Sales Edge 2.0, are crucial for enhancing sales efficiency, particularly in the pre-need segment. This platform is designed to boost pre-need sales by improving funnel visibility, campaign targeting, and reporting accuracy.
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Share Repurchases
- As of December 31, 2019, Carriage Services had approximately $25.6 million remaining available for repurchase under its approved share repurchase program.
Share Issuance
- Raising additional funds through issuing equity securities could lead to significant dilution for stockholders.
Inbound Investments
- Vineyard Capital Partners disclosed a 7.1% passive stake in Carriage Services, representing 1,100,000 shares, as of December 31, 2025.
Outbound Investments
- In 2025, Carriage Services acquired eight funeral homes, one cemetery, and a cremation business for $56.5 million, and an additional previously leased property for $2.5 million.
- During 2025, the company also strategically divested multiple non-core locations and real estate for $44.4 million.
- For 2026, guidance includes a projected $5 million to $10 million revenue impact from anticipated acquisitions.
Capital Expenditures
- Capital expenditures for the fourth quarter of 2025 totaled $7.9 million, with $5.2 million allocated to growth capital, primarily for cemetery development, and $2.7 million for maintenance capital.
- In the first quarter of 2025, capital expenditures totaled $3.2 million, comprising $1.8 million for growth capital and $1.4 million for maintenance capital, with an additional $1.9 million spent on Project Trinity.
- For 2026, anticipated capital expenditures are projected to be between $25 million and $30 million, reflecting continued investment in the core business, IT investments, and the ongoing Project Trinity rollout.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 33.58 |
| Mkt Cap | 0.7 |
| Rev LTM | 814 |
| Op Inc LTM | 98 |
| FCF LTM | 24 |
| FCF 3Y Avg | 37 |
| CFO LTM | 65 |
| CFO 3Y Avg | 64 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.9% |
| Rev Chg 3Y Avg | 0.2% |
| Rev Chg Q | -2.3% |
| QoQ Delta Rev Chg LTM | -0.6% |
| Op Inc Chg LTM | 9.7% |
| Op Inc Chg 3Y Avg | 5.5% |
| Op Mgn LTM | 22.4% |
| Op Mgn 3Y Avg | 22.1% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 17.5% |
| CFO/Rev 3Y Avg | 17.7% |
| FCF/Rev LTM | 4.2% |
| FCF/Rev 3Y Avg | 7.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.7 |
| P/S | 1.1 |
| P/Op Inc | 6.4 |
| P/EBIT | 6.4 |
| P/E | 17.1 |
| P/CFO | 6.8 |
| Total Yield | 6.6% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 3.3% |
| D/E | 0.6 |
| Net D/E | 0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.1% |
| 3M Rtn | 3.7% |
| 6M Rtn | 0.7% |
| 12M Rtn | 0.8% |
| 3Y Rtn | 24.5% |
| 1M Excs Rtn | -1.9% |
| 3M Excs Rtn | -8.4% |
| 6M Excs Rtn | -6.9% |
| 12M Excs Rtn | -23.8% |
| 3Y Excs Rtn | -45.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Funeral | 269 | 263 | 265 | 267 | 270 |
| Cemetery | 148 | 141 | 118 | 103 | 106 |
| Corporate | 0 | 0 | |||
| Total | 417 | 404 | 383 | 370 | 376 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Funeral | 85 | 84 | 81 | 82 | 89 |
| Cemetery | 62 | 57 | 42 | 35 | 40 |
| Corporate | -49 | -59 | -42 | -37 | -35 |
| Total | 98 | 82 | 81 | 80 | 94 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Funeral | 787 | 781 | 802 | 780 | 770 |
| Cemetery | 534 | 477 | 448 | 396 | 390 |
| Corporate | 25 | 21 | 18 | 17 | 19 |
| Total | 1,346 | 1,280 | 1,268 | 1,193 | 1,179 |
Price Behavior
| Market Price | $40.34 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 08/09/1996 | |
| Distance from 52W High | -21.7% | |
| 50 Days | 200 Days | |
| DMA Price | $44.90 | $43.69 |
| DMA Trend | down | down |
| Distance from DMA | -10.2% | -7.7% |
| 3M | 1YR | |
| Volatility | 31.7% | 25.4% |
| Downside Capture | 84.20 | 72.18 |
| Upside Capture | 37.21 | 43.64 |
| Correlation (SPY) | 17.1% | 27.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.10 | 0.78 | 0.62 | 0.54 | 0.67 | 0.66 |
| Up Beta | 1.51 | 0.53 | 0.72 | 0.62 | 0.75 | 0.52 |
| Down Beta | -0.74 | -0.56 | -0.12 | 0.47 | 0.62 | 0.46 |
| Up Capture | -57% | 19% | 35% | 36% | 41% | 63% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 18 | 28 | 59 | 126 | 381 |
| Down Capture | 428% | 294% | 123% | 72% | 86% | 95% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 23 | 35 | 65 | 123 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CSV | |
|---|---|---|---|---|
| CSV | -8.7% | 25.4% | -0.40 | - |
| Sector ETF (XLY) | 9.5% | 18.3% | 0.36 | 31.2% |
| Equity (SPY) | 24.9% | 12.3% | 1.52 | 27.8% |
| Gold (GLD) | 25.5% | 27.4% | 0.81 | -7.0% |
| Commodities (DBC) | 30.1% | 19.0% | 1.25 | -23.7% |
| Real Estate (VNQ) | 13.5% | 13.5% | 0.69 | 38.5% |
| Bitcoin (BTCUSD) | -41.7% | 42.2% | -1.16 | 11.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CSV | |
|---|---|---|---|---|
| CSV | 2.3% | 36.7% | 0.15 | - |
| Sector ETF (XLY) | 7.3% | 23.8% | 0.26 | 34.4% |
| Equity (SPY) | 13.5% | 17.1% | 0.61 | 35.8% |
| Gold (GLD) | 16.8% | 18.2% | 0.75 | 1.6% |
| Commodities (DBC) | 8.4% | 19.4% | 0.33 | 5.6% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 39.4% |
| Bitcoin (BTCUSD) | 13.6% | 54.4% | 0.44 | 17.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CSV | |
|---|---|---|---|---|
| CSV | 6.9% | 36.9% | 0.29 | - |
| Sector ETF (XLY) | 12.6% | 22.1% | 0.52 | 33.9% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 36.9% |
| Gold (GLD) | 12.5% | 16.1% | 0.64 | 1.0% |
| Commodities (DBC) | 6.7% | 18.0% | 0.29 | 9.5% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 37.2% |
| Bitcoin (BTCUSD) | 60.3% | 66.8% | 1.00 | 12.1% |
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Returns Analyses
Earnings Returns History
Updated 6/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -4.2% | -7.4% | -19.4% |
| 2/26/2026 | 1.9% | -2.7% | -1.3% |
| 11/5/2025 | -4.1% | -4.8% | -4.1% |
| 8/7/2025 | 0.4% | -3.0% | -9.5% |
| 4/30/2025 | -0.6% | 2.7% | 9.2% |
| 2/26/2025 | -3.6% | -6.5% | -5.7% |
| 10/30/2024 | 14.5% | 22.3% | 24.5% |
| 8/1/2024 | -4.0% | -7.0% | 2.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 8 | 14 |
| # Negative | 14 | 16 | 10 |
| Median Positive | 1.3% | 3.1% | 6.5% |
| Median Negative | -3.8% | -4.6% | -5.6% |
| Max Positive | 14.5% | 22.3% | 24.5% |
| Max Negative | -27.0% | -24.8% | -24.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
Recent Forward Guidance
Updated 5/31/2026Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total revenue | 440.00 Mil | 445.00 Mil | 450.00 Mil | 0 | Affirmed | Guidance: 445.00 Mil for 2026 | |
| 2026 Adjusted consolidated EBITDA | 135.00 Mil | 137.50 Mil | 140.00 Mil | 0 | Affirmed | Guidance: 137.50 Mil for 2026 | |
| 2026 Adjusted diluted EPS | 3.35 | 3.45 | 3.55 | 0 | Affirmed | Guidance: 3.45 for 2026 | |
| 2026 Adjusted free cash flow | 40.00 Mil | 45.00 Mil | 50.00 Mil | 0 | Affirmed | Guidance: 45.00 Mil for 2026 | |
| 2026 Capital expenditures | 25.00 Mil | 27.50 Mil | 30.00 Mil | 0 | Affirmed | Guidance: 27.50 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total revenue | 440.00 Mil | 445.00 Mil | 450.00 Mil | 7.2% | Higher New | Actual: 415.00 Mil for 2025 | |
| 2026 Adjusted consolidated EBITDA | 135.00 Mil | 137.50 Mil | 140.00 Mil | 5.0% | Higher New | Actual: 131.00 Mil for 2025 | |
| 2026 Adjusted diluted EPS | 3.35 | 3.45 | 3.55 | 5.3% | Higher New | Actual: 3.27 for 2025 | |
| 2026 Adjusted free cash flow | 40.00 Mil | 45.00 Mil | 50.00 Mil | -2.2% | Lower New | Actual: 46.00 Mil for 2025 | |
| 2026 Capital expenditures | 25.00 Mil | 27.50 Mil | 30.00 Mil | ||||
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Quezada, Carlos R | CEO | Direct | Sell | 10092025 | 46.14 | 4,250 | 196,095 | 4,344,127 | Form |
| 2 | Pudenz, Shane | Direct | Sell | 8292025 | 44.36 | 13,027 | 577,891 | 662,310 | Form | |
| 3 | Quezada, Carlos R | CEO | Direct | Sell | 8122025 | 47.35 | 4,250 | 201,238 | 4,656,068 | Form |
| 4 | Metzger, Steven D | President | Direct | Sell | 7092025 | 46.78 | 348 | 16,279 | 3,456,855 | Form |
| 5 | Metzger, Steven D | President | Direct | Sell | 6112025 | 44.85 | 1,653 | 74,137 | 3,329,843 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Specialized Consumer Services Resources |
| Consumer Reports |
| Better Business Bureau (BBB) |
| TrendWatching |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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